Eldorado Gold Corp's Net profit rose in the second quarter 2011

Eldorado Gold Corp's Net profit rose in the second quarter 2011 ; Eldorado Gold Corp's (ELD.TO: Quote) profit rose in the second quarter on higher gold prices, but the company trimmed its 2011 production forecast because of a construction delay at processing facility.

Net income rose to $74.9 million, or 14 cents a share, from $55.7 million, or 10 cents a share, in the second quarter of 2010. Revenue rose to $251.4 million from $206.4 million, the company said in a release on Thursday evening.

Production fell to 162,429 ounces from 167,940 in the same period of 2010

"I'm very pleased with the performance in the second quarter. Our four operating gold mines continue to perform at or better than planned in terms of both costs and production levels," said Chief Executive Paul Wright on a conference call on Friday.

The Vancouver-based gold miner revised its 2011 production forecast lower to a range of 700,000 to 725,000 ounces at average cash operating costs of $390 to $410 an ounce. The previous forecast was 715,000 to 770,000 ounces at $375 to $395 each.